Inventure Foods Earnings: Here’s Why the Stock is Falling Now

Inventure Foods, Inc. (NASDAQ:SNAK) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 7.84%.

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Inventure Foods, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 44.44% to $0.05 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 3.15% to $48.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Inventure Foods, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company missed the mean analyst estimate of $0.09. It missed the average revenue estimate of $49.62 million.

Quoting Management: “We experienced some disappointments in our first quarter results, largely driven by a slowing in the T.G.I. Friday’s brand and increased brand investment, which we referred to in our last call, resulting in lower than expected earnings for the quarter. However, we maintain our outlook to achieve positive revenue and earnings growth for the full year,” said Terry McDaniel Chief Executive Officer of Inventure Foods, Inc.

Key Stats (on next page)…

Revenue increased 11.39% from $43.54 million in the previous quarter. EPS decreased 37.5% from $0.08 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.11 to a profit $0.09. For the current year, the average estimate has moved down from a profit of $0.39 to a profit of $0.38 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]